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To: GST who wrote (78372)9/23/1999 10:49:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
23 Sep 17:36

NEW YORK (Dow Jones)--Technology and certain Internet stocks that were
pummeled in the last couple hours of Nasdaq trading were recouping some of their
losses after-hours.

The high-tech sector had plunged in the regular trading session as
implications of the earthquake in Taiwan began to sink in. In comments made
Thursday afternoon, Salomon Smith Barney analyst Richard Gardner cautioned that
the earthquake could have an impact on fourth-quarter PC shipments. Also, SG
Cowen & Co. analyst Drew Peck echoed the same sentiments in earlier comments.

Shares of chip giant Intel Corp. (INTC) which closed down 5 5/16, or 6.4%, to
77 1/2, recently changed hands higher at 77 3/4 in late trading, according to
Reuters Instinet. Microsoft Corp.'s (MSFT) shares inched up to 91 7/16 from
their close at 91 3/16, while Dell Computer Corp. (DELL) rose to 43 7/16 from 43
and Gateway Inc. (GTW) rose to 43 5/8 from 43 3/8 at the end of the regular
trading session.

Most active in late market trading were shares in Intuit Inc. (INTU), Mountain
View, Calif. The financial software maker and Web-based service provider said
after the market's closing bell that its chief executive, Bill Harris, resigned.


Intuit shares recently traded down to 96 from their regular session close of
100 9/16.

The company said its board named Chairman Bill Campbell acting chief
executive. Campbell, who will serve in the post until the company finds a
replacement for Harris, was formerly Intuit's chief executive.

Harris is resigning to pursue "entrepreneurial interests" and will stay on
with the company as a director, Intuit said.

-Amy Hughes; 201-938-5171

(END) DOW JONES NEWS 09-23-99

05:36 PM